XML 13 R3.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Real estate $ 493,821 $ 296,363
Cash and cash equivalents 113,445 50,748
Restricted cash 108,883 21,986
Short-term investments 119,787 16,001
Notes receivable (including $76,935 and $75,872 at December 31, 2022 and 2021, respectively, from related parties) 139,609 136,607
Investment in unconsolidated joint ventures 28,226 61,621
Receivable from related parties 108,184 100,599
Other assets (including $4,663 and $4,535 at December 31, 2022 and 2021, respectively, from related parties) 85,524 86,644
Total assets 1,197,479 770,569
Liabilities:    
Mortgages and other notes payable 188,004 183,392
Bonds payable 129,218 189,452
Accounts payable and other liabilities (including $599 and $616 at December 31, 2022 and 2021, respectively, to related parties) 53,100 44,518
Interest payable 5,198 6,565
Deferred revenue 9,791 9,791
Total liabilities 385,311 433,718
Equity:    
Preferred stock, Series A, $2.00 par value, 15,000,000 shares authorized, 1,800,614 shares issued and outstanding 1,801 1,801
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,152,043 shares issued and 16,152,043 outstanding 162 162
Additional paid-in capital 62,090 62,090
Retained earnings 549,434 176,085
Total shareholders’ equity 613,487 240,138
Noncontrolling interest 198,681 96,713
Total equity 812,168 336,851
Total liabilities and equity $ 1,197,479 $ 770,569